PSU banks to give documents within 15 days from closure of loans: FM Nirmala Sitharaman

The Finance Minister Nirmala Sitharaman in her press conference today announced that public sector banks (PSU) should ensure that "mandated return" of loan documents within 15 days of the closure of the loans. This move is aimed at helping out borrowers who are unable to apply for various clearances or other permissions despite having paid off their loans because they have not received the loan closure documents.